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Genco Shipping & Trading
GNK

47 hedge funds and large institutions have $189M invested in Genco Shipping & Trading in 2017 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 14 increasing their positions, 7 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 7

70% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 10

15% more funds holding

Funds holding: 41 → 47 (+6)

1.66% more ownership

Funds ownership: 56.44% → 58.1% (+1.7%)

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

22% less capital invested

Capital invested by funds: $243M → $189M (-$53.4M)

Holders
47
Holders Change
+6
Holders Change %
+14.63%
% of All Funds
1.17%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.1%
New
17
Increased
14
Reduced
7
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
BlackRock
BlackRock
New York
+$3.52M
2
MP
Mangrove Partners
Connecticut
+$1.38M
3
6CM
683 Capital Management
New York
+$726K
4
Northern Trust
Northern Trust
Illinois
+$696K
5
State Street
State Street
Massachusetts
+$654K

Top Sellers

1
GCP
GSA Capital Partners
United Kingdom
-$1.47M
2
Millennium Management
Millennium Management
New York
-$1.12M
3
QGA
Q Global Advisors
Texas
-$1.02M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$596K
5
LCM
Laurion Capital Management
New York
-$362K
Name Holding Trade Value Shares
Change 		Change in
Stake
CP
1
Centerbridge Partners
New York
$98.6M – – –
AMH
2
Apollo Management Holdings
New York
$51.3M – – –
QGA
3
Q Global Advisors
Texas
$14.6M -$1.02M -95,530 -6%
MP
4
Mangrove Partners
Connecticut
$6.39M +$1.38M +129,518 +24%
BlackRock
5
BlackRock
New York
$3.2M +$3.52M +331,112 +4,582%
RCIM
6
Russell Clark Investment Management
United Kingdom
$2.99M -$283K -26,600 -8%
Renaissance Technologies
7
Renaissance Technologies
New York
$1.71M +$231K +21,700 +14%
Vanguard Group
8
Vanguard Group
Pennsylvania
$1.11M +$480K +45,070 +63%
RG
9
Raynor Geoffrey
$979K -$100K -9,433 -8%
Deutsche Bank
10
Deutsche Bank
Germany
$893K +$552K +51,878 +122%
Northern Trust
11
Northern Trust
Illinois
$779K +$696K +65,437 +388%
SFM
12
Soros Fund Management
New York
$708K – – –
6CM
13
683 Capital Management
New York
$646K +$726K +68,200 New
State Street
14
State Street
Massachusetts
$582K +$654K +61,452 New
Geode Capital Management
15
Geode Capital Management
Massachusetts
$578K +$207K +19,492 +47%
TCIM
16
TIAA CREF Investment Management
New York
$566K +$636K +59,724 New
Invesco
17
Invesco
Georgia
$471K +$530K +49,775 New
Bank of New York Mellon
18
Bank of New York Mellon
New York
$351K +$279K +26,194 +240%
ARTA
19
A.R.T. Advisors
New York
$318K +$358K +33,643 New
Dimensional Fund Advisors
20
Dimensional Fund Advisors
Texas
$265K +$150K +14,122 +102%
DTL
21
Dynamic Technology Lab
Singapore
$249K -$93K -8,739 -25%
Morgan Stanley
22
Morgan Stanley
New York
$239K +$123K +11,540 +84%
V
23
ValueWorks
New York
$234K – – –
Goldman Sachs
24
Goldman Sachs
New York
$197K -$179K -16,804 -45%
Charles Schwab
25
Charles Schwab
California
$194K +$217K +20,400 New
1
2 3

GNK Hedge Fund Activity: Q2 2017 in Review

47 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Genco Shipping & Trading (GNK) for Q2 2017, worth a combined $189M — down 22% from $243M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new GNK positions and 10 closed out — a net gain of 7 holders — while 14 added to existing stakes and 7 trimmed.

The largest buyer was BlackRock, adding an estimated $3.52M. The largest seller was GSA Capital Partners, exiting entirely with an estimated $1.47M sold.

  • 47 institutional investors held Genco Shipping & Trading (GNK) as of Q2 2017, up from 41 in Q1 2017.
  • Funds reported $189M of Genco Shipping & Trading stock for Q2 2017, down 22% quarter-over-quarter.
  • 17 funds opened new Genco Shipping & Trading positions in Q2 2017 and 10 closed out, a net change of +7 holders.
  • The largest Genco Shipping & Trading buyer in Q2 2017 was BlackRock, an estimated $3.52M added.
  • The largest Genco Shipping & Trading seller in Q2 2017 was GSA Capital Partners, an estimated $1.47M sold.

Based on aggregated 13F filings for Q2 2017.